Agriculture Giant Corteva Shows Seed Strength, Latin America Revenue Spikes 7%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
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Source: Benzinga
Corteva's Q2 2024 Performance: Corteva, Inc. reported second-quarter revenues of $6.11 billion, falling short of expectations, with mixed performance across regions; North America saw a 2% increase while EMEA declined by 6%. Crop Protection volumes rose by 6%, but Seed volumes dropped by 2%.
Future Outlook and Leadership Changes: The company anticipates FY24 operating EPS between $2.60-$2.80 and plans to repurchase $1 billion in shares. Additionally, CFO Dave Anderson will retire, with David Johnson set to take over as CFO on September 16, 2024.
Analyst Views on VEGI
Wall Street analysts forecast VEGI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VEGI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
